A few early Roster tidbits I have come across via
Bandai-Namco Employees.

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as long as Takamaru can make it in i'll be happy, since zelda and link should be for sure in, i dont even know who Takamaru is or anything but his Nintendoland game is hard enough ( since im not good at games) so he( or she? idk never played game or anything) is going to be good in SSBU

And before you say Capcom doesn't care for himhttp://www.officialnintendomagazine.co.uk/44778/mega-mans-25th-anniversary-theres-a-ton-of-things-in-the-works-capcom/

But Capcom doesn't care for Mega Man. The only thing that will prove it that they do care is if Capcom releases a new Mega Man game that isn't just a dolled up fan game or a reboot done by a western studio.

And before you say Capcom doesn't care for himhttp://www.officialnintendomagazine.co.uk/44778/mega-mans-25th-anniversary-theres-a-ton-of-things-in-the-works-capcom/

But Capcom doesn't care for Mega Man. The only thing that will prove it that they do care is if Capcom releases a new Mega Man game that isn't just a dolled up fan game or a reboot done by a western studio.

And before you say Capcom doesn't care for himhttp://www.officialnintendomagazine.co.uk/44778/mega-mans-25th-anniversary-theres-a-ton-of-things-in-the-works-capcom/

But Capcom doesn't care for Mega Man. The only thing that will prove it that they do care is if Capcom releases a new Mega Man game that isn't just a dolled up fan game or a reboot done by a western studio.

Luckily Sakurai decides the roster & not Capcom

Capcom decides if Mega Man can be used in Smash Bros. Not Sakurai. Doesn't matter how badly Sakurai or Nintendo may want him in. If Capcom says no, than it's no.

And before you say Capcom doesn't care for himhttp://www.officialnintendomagazine.co.uk/44778/mega-mans-25th-anniversary-theres-a-ton-of-things-in-the-works-capcom/

But Capcom doesn't care for Mega Man. The only thing that will prove it that they do care is if Capcom releases a new Mega Man game that isn't just a dolled up fan game or a reboot done by a western studio.

Luckily Sakurai decides the roster & not Capcom

Capcom decides if Mega Man can be used in Smash Bros. Not Sakurai. Doesn't matter how badly Sakurai or Nintendo may want him in. If Capcom says no, than it's no.

This. Infact it's not just third-parties, the owner of every IP in the game could just say 'no' and that'd be it.

To quote Omar Kendall, PSASBR's Sakurai, on why Crash and Spyro aren't in the game: "It takes two to tango."

In all honesty, give the huge popularity, sales, and overall fanbase of the Smash Bros series, I think any publisher would have to either be complete idiots or would have to actively dislike the idea of making easy money to not allow their characters to be used in Smash Bros if Nintendo/Sakurai comes to them with the request. Beyond whatever monetary amount they would receive from Nintendo, there would also be the prestige, future sales, and overall good p.r. that came from the character being used in such a huge series.

Seriously, anyone who would turn Nintendo down for Smash Bros characters is too stupid to ever be allowed to make another video game decision ever again.

My name is Mottman, and I approve this message."Champions don't whine, they win!" - Vangarre from Xenoblade Chronicles

as long as Takamaru can make it in i'll be happy, since zelda and link should be for sure in, i dont even know who Takamaru is or anything but his Nintendoland game is hard enough ( since im not good at games) so he( or she? idk never played game or anything) is going to be good in SSBU